4//SEC Filing
Fidler Mark L 4
Accession 0001140361-23-035896
CIK 0001824734other
Filed
Jul 23, 8:00 PM ET
Accepted
Jul 24, 5:27 PM ET
Size
6.0 KB
Accession
0001140361-23-035896
Insider Transaction Report
Form 4
Fidler Mark L
Chief Financial Officer
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2023-07-20$0.26/sh−2,483,256$645,647→ 0 totalExercise: $1.14Exp: 2030-11-04→ Class A Common Stock (2,483,256 underlying)
Footnotes (1)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of March 24, 2023 (the "Merger Agreement"), by and among the Issuer, SoftBank Group Corp., a Japanese kabushiki kaisha ("SoftBank"), and Backgammon Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of SoftBank ("Merger Sub"), on July 20, 2023, Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of SoftBank (the "Merger"). This option, which provided for vesting as to 25% of the underlying shares of Class A Common Stock on September 1, 2021, and with respect to the remaining shares in 36 equal monthly installments thereafter, was canceled in the Merger and converted into the right to receive a cash payment of $645,646.56, representing the difference between the exercise price of the option and the merger consideration ($1.40 per share, in cash, without interest).
Documents
Issuer
Berkshire Grey, Inc.
CIK 0001824734
Entity typeother
Related Parties
1- filerCIK 0001527588
Filing Metadata
- Form type
- 4
- Filed
- Jul 23, 8:00 PM ET
- Accepted
- Jul 24, 5:27 PM ET
- Size
- 6.0 KB